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The latest update is out from Suruga Bank ( (JP:8358) ).
Suruga Bank has announced the acquisition of 1,815,500 shares of its treasury stock, costing approximately 2.39 billion yen, through market purchases on the Tokyo Stock Exchange. This move is part of a broader strategy approved by the Board of Directors to repurchase up to 4.5 million shares, aiming to enhance shareholder value and optimize capital structure.
More about Suruga Bank
Suruga Bank, Ltd. operates in the financial services industry, primarily offering banking services. It is listed on the Prime Market of the Tokyo Stock Exchange.
YTD Price Performance: 28.23%
Technical Sentiment Signal: Sell
Current Market Cap: $1.73B
For a thorough assessment of 8358 stock, go to TipRanks’ Stock Analysis page.